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| Selected Characteristics
of Private Pension Plan Recipients Ages 55 to 64 by work status and type of benefit |
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| Item | In Labor Force | Retired | ||||
| Annuity and Lump Sum | Annuity Only | Lump Sum Only | Annuity and Lump Sum | Annuity Only | Lump Sum Only | |
AGES 55-64 |
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| Number of Recipients (in thousands) |
142 | 438 | 1,028 | 289 | 813 | 487 |
| Men | 103 | 330 | 613 | 201 | 562 | 179 |
| Women | 40 | 108 | 414 | 88 | 251 | 308 |
| Median Age at Initial Benefit Receipt | ||||||
| Annuity | 55 | 55 | - | 58 | 58 | - |
| Lump Sum | 55 | - | 49 | 58 | - | 54 |
| Pre-Retirement Earnings1/ (1994 dollars) | ||||||
| Mean | 51,181 | 49,576 | 49,451 | 48,459 | 43,557 | 31,399 |
| Median | 38,761 | 39,402 | 36,559 | 43,011 | 38,388 | 26,020 |
| Annuity Benefit Amount | ||||||
| Mean Annual Amount | 9,862 | 11,409 | - | 15,936 | 12,183 | - |
| Median Annual Amount | 7,272 | 7,644 | - | 12,324 | 9,000 | - |
| Lump Sum Amount (1994 dollars) | ||||||
| Mean Amount | 35,942 | - | 23,580 | 38,021 | - | 28,901 |
| Median Amount | 18,103 | - | 10,521 | 22,746 | - | 8,478 |
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1/For recipients of both an annuity and a lump sum, the pre-retirement earnings are for the year prior to the start of the annuity. SOURCE: Retiree Pension and
Health Benefits Supplement to the September 1994 Current Population Survey. |
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